About your Search

20130318
20130326
Search Results 0 to 7 of about 8 (some duplicates have been removed)
, but it is what it is. at the heart of it is ending too big to fail, giving the government new tools to resolve large financial institutions when they feel in a way it will not hurt taxpayers and not subject them to risk. well, it forced losses on the shareholders and creditors of the large financial institutions, which is where they belong. it also requires the federal reserve board to have much tougher prudential standards, so higher capital, more stable liquidity, less reliance on short-term debt. those are the types of things that were problems during the crisis and the fed has been mandated to have better regulation to prevent banks from getting in trouble to begin with. the volcker rule, too, a key part, it was designed to prohibit proprietary trading by those institutions in the government safety net. if you're a bank holding company that has an insured bank that has fdic-backed deposits or access to the federal reserves discount window, you have a lot of government support provided to traditional banks. so volcker is really about customer service. your banking model should be serving cu
the country's tried to take, the government's tried to take a big step forward, under the clinton administration and then under the first year of the obama administration. and each time the senate killed it. >> yeah. but the key thing there is that each time both the clinton administration and the obama administration tried to do this it was essentially a top-down, inside the beltway strategy. we are going after and trying to cajole and convince and persuade the members of the senate and the house to pass this legislation without first engaging the broad public and building a citizens movement, a issue public as i talked about before that was actually demanding change. because in the end politicians care about their job. and if they don't feel like there's a political price to pay for opposing action on climate change or alternatively a political opportunity to be had by being a leader on this issue, it's very easy for them to say, "you know what? i've got a lot of other things here on my plate to deal with. i've got lots of lobbyists coming into my office as well as people back h
Search Results 0 to 7 of about 8 (some duplicates have been removed)

Terms of Use (10 Mar 2001)